Subscribe to AMN
About Us
Contact Us
Advertise
 
Remy Receives Final Approval for $60.2 Million American Recovery and Reinvestment Act Grant
May 25, 2010
|
By aftermarketNews staff
PENDLETON, Ind. -- Officials from the U.S. Department of Energy (DOE) recently visited the Remy International headquarters to finalize details of the $60.2 million grant it has awarded to Remy to accelerate standardization and commercialization of its award-winning Remy HVH electric motor technology.

Remy was nominated for the grant in August, 2009 as part of the American Recovery and Reinvestment Act (ARRA) and received conditional approval in December 2009.

In a speech given in Elkhart, Ind., last year, President Obama announced Remy as one of the recipients of ARRA funds. He called the ARRA a historical investment committed to a strategy that ensures America leads in the design and the deployment of the next generation of clean-energy vehicles. He recognized Remy and a handful of other leading Indiana businesses as keys to developing next generation electric-drive components for commercial and passenger vehicles.

Remy President and CEO John Weber said, "These funds will help Remy establish a strong domestic manufacturing base for electric drive motor technology and accelerate the use of electric drive vehicles with higher fuel efficiency." Weber explained, "This grant will allow for critical capital and human resource investment to create or protect 1,000 highly skilled jobs in the United States for Remy, its partners and its supply base."

Remy International recently introduced the HVH 250, the next evolution of the advanced electric motor for hybrid and electric vehicle applications based on Remy's patented High Voltage Hairpin (HVH) technology, which  provides dramatically improved motor performance and cooling effectiveness versus competitors, the company claims.

Brands like Mercedes, GM, Amp Electric Vehicles, Aptera and Allison Transmission have chosen the Remy HVH electric motor. The Remy HVH electric motor technology can be integrated into a car, truck, motorcycle, large transit bus and virtually any piece of equipment that can be converted to hybrid or electric.

There are more than 80,000 customer-validated Remy motors on the road today.